BTC Breaks $45K

Bitcoin dropped below $45,000 triggering stops for high leveraged traders. The daily chart shows a head and shoulder forming. We saw a pattern like this between March and May that led to BTC dropping to $28,000. Bitcoin currently stands on multi-month support at the December low and breaking below this level could be a big problem for bulls. Bitcoin has the support of $40,000 and resistance at $46,000.